earnings
confidence high
sentiment positive
materiality 0.75
Kilroy Realty Q2 FFO $1.19, revenue $284M; raises 2023 FFO guidance to $4.43-$4.53 per share
KILROY REALTY CORP
2023-Q2 EPS reported
$0.95
revenue$577,084,000
- Revenue $284.3M (+4.8% YoY); net income $0.47 diluted EPS (+17.5%); FFO $1.19 diluted (+1.7%).
- Stabilized portfolio 86.6% occupied, 88.6% leased; signed 285K sf leases, GAAP rent +15.3%, cash +2.5%.
- Board declared $0.54 quarterly dividend ($2.16 annual); secured $375M mortgage note at 5.90% due 2034.
- Updated full-year 2023 FFO guidance: $4.43-$4.53 per share; same-store cash NOI growth raised to 1.5%-2.5%.